Gazprom Doesn’t Plan to Attract Additional Funding for Nord Stream 2

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The Nord Stream 2 project is fully funded, and Gazprom is not going to raise additional funds for the project, said Famil Sadigov, deputy chairman of the Gazprom board, Russian media reported.

At the same time, in the future, Gazprom will be able to place bonds for this project.

“The project is fully funded to complete the investment stage and move to the operation stage,” Sadigov explained.

In the future, there will be “an opportunity to attract debt financing, but this is a distant future,” emphasized the deputy chairman of the board of Gazprom.

During SPIEF 2021, Russian President Vladimir Putin said that the pipe-laying of the first string of the Nord Stream 2 gas pipeline has been completed, and work on the second string will be completed in the next two months. After this, Gazprom is going to be ready to fill up Nord Stream 2 with gas.

Russia is ready to carry out such high-tech projects with European and other partners, Putin added.